Oregon Public Employees Retirement Fund lifted its position in shares of Carnival Corporation (NYSE:CCL) by 8.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,187 shares of the company’s stock after buying an additional 12,834 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Carnival Corporation were worth $10,795,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in Carnival Corporation by 316.9% in the second quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock worth $277,772,000 after purchasing an additional 3,220,191 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Carnival Corporation by 115.5% in the second quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock valued at $202,505,000 after buying an additional 1,655,345 shares in the last quarter. Numeric Investors LLC lifted its stake in shares of Carnival Corporation by 160.4% in the second quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after buying an additional 1,488,366 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Carnival Corporation by 4,220.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,496,929 shares of the company’s stock valued at $98,154,000 after buying an additional 1,462,278 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Carnival Corporation by 657.0% in the second quarter. Acadian Asset Management LLC now owns 1,252,031 shares of the company’s stock valued at $82,095,000 after buying an additional 1,086,627 shares in the last quarter. Institutional investors own 77.96% of the company’s stock.
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In other news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $65.43, for a total value of $327,150.00. Following the completion of the sale, the chief executive officer now directly owns 115,572 shares in the company, valued at approximately $7,561,875.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.80% of the company’s stock.
A number of research analysts have weighed in on the stock. Nomura reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Carnival Corporation in a research note on Friday, September 29th. Instinet reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Carnival Corporation in a research note on Monday, October 2nd. Argus reaffirmed a “neutral” rating and issued a $67.00 price objective (down from $78.00) on shares of Carnival Corporation in a research note on Thursday, September 28th. Credit Suisse Group reissued a “neutral” rating on shares of Carnival Corporation in a research report on Thursday, September 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $79.00 price target (up from $74.00) on shares of Carnival Corporation in a research report on Wednesday, September 27th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Carnival Corporation has a consensus rating of “Buy” and a consensus target price of $67.43.
Shares of Carnival Corporation (CCL) remained flat at $$65.93 during trading on Thursday. 244,973 shares of the company were exchanged, compared to its average volume of 2,923,796. Carnival Corporation has a 12 month low of $48.44 and a 12 month high of $69.89. The firm has a market capitalization of $35,568.79, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 1.36 and a beta of 0.75. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32.
Carnival Corporation (NYSE:CCL) last announced its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. analysts expect that Carnival Corporation will post 3.7 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Carnival Corporation’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. Carnival Corporation’s payout ratio is presently 43.72%.
Carnival Corporation Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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